ActiveCampaign raised cash at a valuation of more than $3 billion in a funding round that will let the marketing technology company invest in product development and global expansion.
The company raised $240 million in the round led by Tiger Global, ActiveCampaign said in a statement on Wednesday. Investors also included Dragoneer and existing backers Susquehanna Growth Equity and Silversmith Capital Partners.
Chicago-based ActiveCampaign will use the funds to spearhead a European expansion, and plans to hire more than 200 employees for its Dublin office in the next 18 months, Chief Executive Officer
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